EV salary sacrifice scheme Archives - theenergyst.com https://theenergyst.com/tag/ev-salary-sacrifice-scheme/ Tue, 18 Jun 2024 14:25:49 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.3 https://theenergyst.com/wp-content/uploads/2020/10/cropped-TE-gravatar-2-32x32.png EV salary sacrifice scheme Archives - theenergyst.com https://theenergyst.com/tag/ev-salary-sacrifice-scheme/ 32 32 Norton offers staff DriveElectric EV salary sacrifice scheme https://theenergyst.com/norton-offers-staff-driveelectric-ev-salary-sacrifice-scheme/ https://theenergyst.com/norton-offers-staff-driveelectric-ev-salary-sacrifice-scheme/#respond Tue, 18 Jun 2024 14:25:04 +0000 https://theenergyst.com/?p=21805 Norton Motorcycles is offering its employees the chance to switch to EVs after adopting a salary sacrifice scheme in partnership with DriveElectric. The company is providing DriveElectric’s ‘Complete’ salary sacrifice solution to its employees, which includes insurance and early termination protection. Also, a Pod Point 7kW Solo 3 home charger with an exclusive EV tariff […]

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Norton Motorcycles is offering its employees the chance to switch to EVs after adopting a salary sacrifice scheme in partnership with DriveElectric.

The company is providing DriveElectric’s ‘Complete’ salary sacrifice solution to its employees, which includes insurance and early termination protection.

Also, a Pod Point 7kW Solo 3 home charger with an exclusive EV tariff can be included in the package if required.

Salary sacrifice enables employees to save up to 40% on an EV by exchanging part of their salary; the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability.

The scheme also helps employers to attract, reward and retain the best employees, and accelerate an organisation’s progress towards its net zero goals.

Customers can search, select and order an EV entirely online and businesses can control and oversee salary sacrifice leases using DriveElectric’s EV Hub.

Founded in 1898, Norton has won eight World Championships and 94 TTs, and the company is currently developing an electric motorbike as part of an expansion programme.

Mike Potter, Managing Director of DriveElectric, said, “Employees can save thousands of pounds per year on new or used EVs, with zero tailpipe emissions minimising impacts on climate change and local air quality.

“Norton’s employees receive support throughout the journey from our EV experts, ensuring that knowledgeable answers are provided to any questions about electric cars and charging.”

Rob Ridgway, Head of Human Resources, Norton Motorcycles said, “Motorcycles already represent a sustainable way of getting around but giving our ‘Nortoneers’ the option to take an electric car via salary sacrifice amplifies our collective contribution to a decreased carbon footprint and is a lovely additional perk we’re offering to our enthusiastic team.”

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EDF and DriveElectric offer EV salary sacrifice scheme https://theenergyst.com/edf-and-driveelectric-offer-ev-salary-sacrifice-scheme/ https://theenergyst.com/edf-and-driveelectric-offer-ev-salary-sacrifice-scheme/#respond Wed, 30 Aug 2023 13:11:56 +0000 https://theenergyst.com/?p=20073 EDF has launched an electric vehicle salary sacrifice scheme through EV leasing company DriveElectric for its SME business customers. DriveElectric says its salary sacrifice means employees can save up to 40% on an EV by exchanging part of their salary – the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, […]

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EDF has launched an electric vehicle salary sacrifice scheme through EV leasing company DriveElectric for its SME business customers.

DriveElectric says its salary sacrifice means employees can save up to 40% on an EV by exchanging part of their salary – the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability.

A Pod Point 7kW Solo 3 home charger can also be included in the salary sacrifice package if required.

Diana Bowden, Sales and Marketing Director at EDF, said, “At EDF, we’re on a mission to help everyone go net zero by making it easier for customers to save cash and CO2.

“So we’re delighted to announce the launch of our salary sacrifice offer with DriveElectric.

“This latest initiative gives the employees of our business customers the ability to drive a brand new EV and have a Pod Point home charger fitted with significant savings, as well as to charge their vehicle using our zero carbon GoElectric tariff.”

Adam Kemp, Director of Partnerships, DriveElectric, said, “Working in partnership with EDF since 2019, together we pioneered one of the first EV lease, charger and tariff propositions.

“Our expanded partnership now allows EDF business customers to drive an EV cost-effectively through salary sacrifice, and our new online system puts them in charge of the car selection and ordering process.”

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DriveElectric adds salary sacrifice scheme https://theenergyst.com/driveelectric-adds-salary-sacrifice-scheme/ https://theenergyst.com/driveelectric-adds-salary-sacrifice-scheme/#respond Fri, 04 Aug 2023 16:27:13 +0000 https://theenergyst.com/?p=19941 The company says its salary sacrifice means employees can save up to 40% on an electric vehicle by exchanging part of their salary – the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability. Salary sacrifice also allows employees to switch to a new […]

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The company says its salary sacrifice means employees can save up to 40% on an electric vehicle by exchanging part of their salary – the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability.

Salary sacrifice also allows employees to switch to a new EV with zero upfront outlay.

The company helps organisations promote salary sacrifice schemes to employees, and can organise EV test drive events.

It also offers a secure portal for employers and their employees to order, manage and track their EV.

In addition, DriveElectric can supply a home charger if needed, which can be included in the salary sacrifice package, as well as provide support with solutions for workplace charging, solar, vehicle to grid, and energy management and optimisation via its sister company CrowdCharge.

Mike Potter, managing director of DriveElectric, said, “Salary sacrifice offers a wide range of compelling benefits. Bringing down the monthly cost of electric cars helps more drivers make the switch to EVs. This in turn reduces drivers’ vehicle running costs and helps employers to offer attractive benefits for their staff. Reducing emissions also accelerates an organisation’s progress to Net Zero. And this is all backed up by DriveElectric’s unique 15 years of expertise with electric vehicles.”

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EDF salary sacrifice scheme encourages staff to switch to EVs https://theenergyst.com/edf-salary-sacrifice-scheme-encourages-staff-to-switch-to-evs/ https://theenergyst.com/edf-salary-sacrifice-scheme-encourages-staff-to-switch-to-evs/#respond Mon, 12 Jul 2021 13:55:44 +0000 https://theenergyst.com/?p=15478 EDF has taken delivery of the 500th EV on its salary sacrifice scheme exactly a year after the programme began. Jas Sangha assistant shift manager at EDF acquired a Kia e-Niro with a 282 mile range, more than enough for his commute, using Tusker’s salary sacrifice car benefits scheme. EDF has had a 4% uptake […]

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EDF has taken delivery of the 500th EV on its salary sacrifice scheme exactly a year after the programme began.

Jas Sangha assistant shift manager at EDF acquired a Kia e-Niro with a 282 mile range, more than enough for his commute, using Tusker’s salary sacrifice car benefits scheme.

EDF has had a 4% uptake among staff, and currently about 14 additional employees are signing up to the scheme each month, 93% of which are opting for a pure electric vehicle.

Staff at the company have reported savings of about £150 to £200 per month mainly due to the 1% Benefit in Kind available on the scheme which maximizes tax and NI savings for employees, as well as charge points being available at 20 company sites.

A total of 300 additional charge points are set to be available to employees by December 2021.

The Tusker scheme works in the same way as Cycle to Work and Childcare Voucher schemes, and employees offset some of their monthly salary in return for a brand new, fully maintained and insured electric car.

It also means employees can access the benefits of driving electric without any deposit or ongoing running costs including road tax, insurance, MOTs, breakdown assistance and repair bills.

The employer also benefits from National Insurance savings.

Sangha said, “My colleagues and I have been really impressed with the choice of makes and models available on the Tusker scheme, and also the cost savings.

“And with work offering charge points, it made switching to an electric car really easy.”

Vanessa Corsie, benefits manager at EDF added, “The great thing about Tusker’s car benefit scheme is that we were able to open the opportunity to drive a brand new car to up to over 11,000 employees.

“We launched the initiative to coincide with the government’s change in Benefit in Kind to 0% for the 2020/21 tax year.

“It reduced the BIK payable from 16% so provided considerable tax savings to employees – for both 20% and 40% taxpayers.”

 

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